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Singapore downgrades growth outlook as Q2 GDP misses forecasts

Singapore downgrades growth outlook as Q2 GDP misses forecasts

City state’s economy grew 4.4 percent year-on-year in the second quarter, less than official estimates. Singapore’s economy expanded less than initially estimated in the second quarter and the government downgraded its growth projections for 2022, flagging risks to the global outlook from the Ukraine war and cost pressures. Gross domestic …

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